Jaunted

And Now For an Airline That's Not Going Bankrupt

5/01/2008 at 9:15 AM
Tags: Emirates, Airlines, Airline Bankruptcy (all tags)

Airlines are failing around the world. From Hong Kong to the United States and as far off as South Africa, rising fuel costs and a glut of other excuses are sending airlines to the wall. But there's always gotta be someone who plays by different rules and that seems to be Emirates: they've just announced that their profit rose by 62 percent in the last year!

So how come Emirates is raking in the cash while everybody else is going broke? They just keep increasing their capacity for both passengers and cargo, and they're filling it up, too. That got them to a $1.36 billion profit for 2007.

Emirates is planning to keep getting bigger and bigger, with a total of 58 A380s on order. They're also thinking of selling off between 20 and 30 percent of the government-owned business to the public. If you're nervous about booking other airlines, Emirates seems like the one that's still going to be flying when your departure date actually comes 'round.

Related Stories:
· Emirates Air Year Profit Soars [Guardian]
· Airline Bankruptcy coverage [Jaunted]

[Photo: mr_nhw]